Partnerships with Apple and Nio are now in discussion and would offer great potential for CATL to secure future growth and the possibility to vertically extend their value chain positioning. Click here for Cat Financial SEC Filings. Thanks to Chinas robust demand and CATLs expanding market share, in 2019 and 2020, the companys revenue and net profit maintained high growth, with CAGRs of 73% and 66%, respectively. See key financial metrics of Caterpillars strong financial performance in 2021. Thank you. CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. Also with regards to Tesla, there is a silver lining for CATL and other battery manufacturers. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks Dragged Down by Tech as Yields Stay Higher: Markets Wrap, The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal. ET by Barron's Autos NIO Stock Slumps After Short-Seller Questions Battery Sales. In 2021, its energy storage system sales revenue will be 13.624 billion yuan, accounting for 10.45%, a year-on-year increase of 601.01%. The total investment of the project will not exceed 13 billion yuan. Corvus Energy. 2020-21 Annual Report The annual report contains information about the Programs and Services offered by the CATL team during 2020-2021, organized according to CATL's Objectives. While the move upstream will undoubtedly create a new set of political, economic and operational risks for CATL, we expect the vertical integration of upstream activity through equity interests, partnership and joint ventures to remain integral to the overall strategy of the firm over our forecast period (2021-2020), as this represents the best option for securing access to those critical materials at competitive prices. In addition to robust battery demand in EV and energy storage markets, CATL attributed the profit growth to expanded battery cell production capacity and stringent cost controls. On April 21, the lowest share price of CATL was 398.90 yuan per share, the lowest since June last year. . ISSN 2576-1072 (online), Tesla readies revamp of Model Y code-named Juniper, report says, VW under fire over Xinjiang plant after China chief visit, Li Auto Q1 sales, revenue outlook soars on growing EV lineup, Sponsored Content: Ally All Ears Podcast | How F&I is driving dealership profits, Sponsored Content: Understanding automotive connected consumers | Amazon Ads. As a Premium user you get access to background information and details about the release of this statistic. Accessed March 01, 2023. https://www.statista.com/statistics/875511/revenue-of-catl/. In addition, cash inflows are much higher than net profit. GUANGZHOU -- CATL, the world's largest producer of electric vehicle batteries, will spend up to 13.5 billion yuan ($2.09 billion) on a plant in China to produce a new type of lithium battery. CATLs 2021 net profit will range from 14 billion yuan ($2.2 billion) to 16.5 billion yuan, the Shenzhen-listed company said this week. A Market Level Approach to Understanding the Potential for Sustainable Evolution. 2021 2020 2019 2018 2017 5-year trend; Sales/Revenue: 256,840: 173,547: 143,075: 151,502: 120,596 18, 2022 at 8:34 a.m. Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial . 11,30% is a very respectable ROE for the industry. We expect nominal sales growth of 1555.8% between 2020 and 2030 in the US, with EV sales reaching over 5.0mn units in 2030 from just 306,000 in 2020. Rich Experience in R&D and production of more than 12 years! ", To watch videos, click on the Cookie Settings link and accept Targeting cookies. Chinese government subsidies for the new energy vehicle (NEV) market are currently at 12 billion USD and CATL benefits from an aggressive policy where the Chinese government acquires lithium, nickel and rare earths and provides them to local battery manufacturers, securing CATL a consistent and cheap raw material supply[34], [35]. Click here for "Analysis Report: Lithium-Ion Battery (Chinese Market) -In 2021, CATL was No. Advanced automatic production line! Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Annual Reports and Form 56-1. Who We Are What We Do Sustainability Corporate Governance . Show publisher information The average price of CATLs electric vehicle battery pack fell to 30.7 USD/kWh in 2020, with a reduction of 8.6% year to year, 12,9% short of the 2019 year to year price decrease. Economies of scale in manufacturing and the rapid development of the domestic market for PV are Chinas current most significant contributions to reducing Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. "Catl's Revenue from 2015 to 2020 (in Billion Chinese Yuan). Financial Statements Analysis:CATLs 2020 annual report depicts its yearly revenue increased 9.90% Y-o-Y (year to year) to US$7.77Bn and its net profit increased by 22.43% Y-o-Y to US$860M. Electric vehicle sales are expected to follow an S-curve growth trend. A cooperation with Nio extends CATLs business operations downstream. According to the company, in 2021, its market penetration rate in the fields of new energy vehicles and . Furthermore, CATL said its basic earnings per share in H1 2022 was 3.5233 yuan, a jump over the 1.9416 yuan for H1 2021. Construction, mining, energy and rail. The move towards LFP batteries will on the one hand decrease Teslas supply chain risk as LFP batteries do not require any bottleneck resources (nickel and cobalt) and on the other hand increase the number of Teslas sourcing channels overall. The CATL gigafactory will have a production capacity of 24 GWh and will create 2000 jobs by 2024[28]. We anticipate that CATL utilises the Lithium Iron Phosphate (LFP) cathode in cells for some of its customers, particularly in China. Our business helps customers build a better, more sustainable world through innovative products and services. Yes, I'd like to receive email communications on editorial features, special offers, research and events and webinars from Automotive News. Annual Reports Meritor 2021 Summary Annual Report and 10-K 5.3 MB. Chinese firm says lithium inflation adding price pressures, Manufacturer investing $2 billion in new Xiamen factory. Fundamental company data and analyst estimates provided by FactSet. The advent of solid-state batteries would cut the recharging time for electric vehicles by two-thirds to circa 10 minutes and would extend the driving distance of a compact electric vehicle while maintaining legroom[15], [16]. November 2022 PDF (157.66 KB) Data may be intentionally delayed pursuant to supplier requirements. We expect CATL to continue to invest in production sites and integrating elements of the local supply chains in Europe. Source: CATL official WeChat account press release) Shareholders -Listed on Shenzhen Stock Exchange (As of December 31, 2021) Products CATL didnt disclose additional details about its 2021 performance. Enclosure: Annual Report 2021 (Form 56-1 One Report) Documents. CATL's revenue was RMB130.4 billion (~USD20 billion), a 159% y-o-y increase from 2020. Allstate: Compliance standards are changing. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner. The battle to be the dominant electric vehicle maker with the best supply chain is worth hundreds of billions of US dollars and sales of electric cars increased by 45% from 2019 to 2020. Diversity & Inclusion Caterpillar is committed to ensuring our workplace is diverse and representative of the many customers we serve around the globe. CATL's 2020 annual report was released on 28 April and depicted its yearly revenue increased 9.90% Y-o-Y to RMB50.32Bn (US$7.77Bn); the company posted a 22.43% Y-o-Y increase in net profit to. Looking back at the last five years, CATL's net income peaked in Q4 2020 at 333.97 million USD. CATLs gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery manufacturer. The plant will be located next to NIO's major manufacturing center in Hefei, in eastern China's Anhui province, the people said. 2021 2020 2019; Net Operating Cash: $6,712 $2,883 $2,107 Net Investing Cash-$8,412 -$2,355 $290 . Based in Gillingham, England. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The firm's net profit was 15.931 billion yuan, a year-on-year increase of 185.34%. https://www.electrive.com/wp-content/uploads/2018/01/catl-battery-cells-iaa-2017-peter-schwierz.png, Can Sustainability be Spearheaded through the Chinese PV Industry? Visit and get more detail information. What Supply Chain Capacity Expansion & Diversification Strategies Are CATL Employing? Visit and get more detail information. The battery pack price is continuing to fall as economies of scale, scope and learning come into play. CINCINNATI, May 05, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) ("Workhorse" or "the Company"), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last mile delivery sector, announced today that it has entered . Source: Kantar Media. Moreover, the firm has continued to collect more cash from customers than it has spent on expenses throughout the last years. We highlighted the trend of regionalising supply chains in 2020, and expect CATLs strategy for its key market (China) to follow this trend, integrating as much regional upstream activity as possible. On Thursday, Chinese battery giant CATL released its 2021 annual report. A commercially viable solid state-battery technology could disrupt the battery industry. You need a Statista Account for unlimited access. The problem is that the EV market is growing at an exponential rate, but 90% of nickel in the global supply chain is not suited for battery production[5]. In 2020, CATL's Lithium-ion battery sales totaled 46.84GWh, up 14.36% Y-o-Y. With a planned 70GWh capacity, the site will be the largest in Europe. China produces 72% of the worlds lithium-ion battery cells today and if you want to take advantage of the massive electric vehicle revolution, it is critical to understand the Chinese market and its most prominent players in the industry, such as CATL. Chart. However, while. In the US, the recently announced USD1.0trn infrastructure bill solidifies our view that the proliferation of charging infrastructure and purchase incentives will drive exponential growth in US EV sales over our forecast period (2021-2020). Moreover, the company reports a yield of just 51.7%, emphasizing the need to maintain a high capacity-to-sales ratio going forward. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Amid increasing yearly demand for electric vehicles, the American car manufacturer has been the first to proactively hedge against potential nickel and cobalt shortages and to diversify its electric vehicle offering to include LFP powered vehicles. Cat product offerings include articulated trucks, backhoe loaders, dozers, engines, excavators, generators, motor graders, skid steer loaders and wheel loaders. 4. On the evening of April 21, the 2021 financial report released by CATL showed that during the reporting period, the company's operating income was about 130.356 billion yuan, a year-on-year increase of 159.06%; the net profit attributable to shareholders of the listed company was about 15.931 billion yuan, a year-on-year increase of 185.34%. Contact via: phate@cnevpost.com. He has been reporting since 2009, mainly on macroeconomics and capital markets. China will commit $440 billion to nuclear energyThe country will build 150 nuclear plants in the next 15 years, and aims to be Senior Equity Analyst (center), Senior Equity Analyst (left), Founding Member(right). CATL also researches the solid-state battery chemistry, but if there will be a breakthrough it is not clear which company and which country will be leading the next battery revolution. Phate is the founder and main author of CnEVPost. The net profit rose by 185% y-o-y to RMB15.9 billion (~USD2.45 billion). The German automakers have deals with existing battery cell manufacturers LG, Samsung, and CATL in place[25] and in the next 10 years, VW alone plans to produce around 22 million electric vehicles between 70 new electric models, which translates to an annual capacity requirement in Europe excess of 150 GWh, with similar demands expected in Asia[26]. To learn more about our EV and battery market analysis, complete our contact form and we'll be in touch shortly to discuss the best options for you and your business. 1155 Gratiot Avenue As soon as this statistic is updated, you will immediately be notified via e-mail. "CATL's revenue from 2015 to 2020 (in billion Chinese yuan)." Haig: Buy-Sell Q&A: What is the value of an M&A advisor? Cross-sections of electric vehicle batteries are displayed in the welcome center at the Contemporary Amperex Technology Co. headquarters building in Ningde, Fujian province, China. There are big jobs to be done worldwide, and that work is powered by our people. CATL views the technology as a tool to mitigate supply-side constraints for critical metals in LiB variations such as lithium, nickel, cobalt and manganese, which are less abundant and costlier to extract, process and refine in comparison to sodium. Were committed to building a better, more sustainable world. View SEDAR filings. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. CATL was trailed by LG Chemical and Panasonic, which boosted their annual battery capacity by 20 percent and 12 percent to 60.2 GWh and 36.1 GWh, respectively, by the end of last year. What does the future have in store for China? Change value during other periods is calculated as the difference between the last trade and the most recent settle. Education OrientedOur Chinese stock analyses are tailored to educate our readers on business fundamentals, industry, financials, and macroeconomics, broken down into easy-to-understand and straightforward concepts.Trusted SourcesWe disclose our all sources as we are committed to full transparency. Romaine Bostick breaks down the day's top stories and trading action leading into the close. Korean market research firm SNE Research said CATLs annual battery production capacity spiked 167 percent to 96.7 gigawatt hours in 2021. Website (Gasgoo China Automotive News). Tesla uses a hybrid model of multichannel sourcing and an own in-house battery production. During the reporting period, the company's overseas order delivery scale increased rapidly and its overseas business gradually matured, CATL said. The firm enjoys strong improvements in turnover ratio, rapid growth in cash on hand, and a healthy asset structure. Subsequently, the stock price of Ningde era corrected. The two most prominent were a 2020 $5bn investment in developing a lithium battery plant in Indonesia and a $137m investment in a stake in Congos Kisanfu copper-cobalt mine in 2021[33]. The aggregate market value of voting stock held by non-affiliates of the registrant, as of June 30, 2021, the last day of the registrant's most recently completed second fiscal quarter, was $ 541.28 billion (based on the closing price for shares of the registrant's Common Stock as reported by the NASDAQ Global Select Market on June 30, 2021). In the last years, CATLs cash flow has fully covered capex. On this page, we provide you with all of the publications of VARTA AG. In total, CATL reports production capacity of 69.1 GWh for 2020 (74.8% utilized) with an additional 77.5 GWh under construction. Find the company's financial performance, revenue, and more. CMOCgroup . Statement of Changes in Beneficial Ownership. A large part of CATL liabilities is represented by funds of upstream and downstream players; its actual interest-bearing debt ratio is low, and the leverage ratio is high[30]. Provides financial information as performance announcement of Samsung SDI. Global outlook on electricity generation 2020-2050, by energy source, Biggest planned green hydrogen projects globally August 2021, Global pumped storage capacity 2021, by leading country, Cumulative global energy storage deployment 2013-2030. Net profit totaled 5.58 billion yuan (about 861 million U.S. dollars) last year, a year-on-year rise of 22.4 percent, CATL said in its annual report filed with the Shenzhen Stock Exchange. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Corporate Governance. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In August 2021, reports emerged that CATL is considering acquiring a minority stake in the Chinese miner Jinchuan Group International Resources Co. with a strategy to securing access to critical battery materials - the move would be aligned with the upstream vertical integration strategies of other battery cell manufacturers. Tesla will at least dual-source LFP battery packs and as of now also include another Chinese player, EVE Energy, in its supply chain. Annual Report. With an increasing number of players working in this field and some milestones being achieved, the solid-state battery market is expected to grow to $8 billion by 2031[17]. EVE Energy is only a minor player with a moderate production capacity, but CATL will need to continuously compete on price and projects with the other Chinese player. Please select at least one newsletter to subscribe. Your download link will be emailed to you shortly. You need at least a Starter Account to use this feature. CATL , the world's largest electric vehicle (EV) battery manufacturer, reported a 23.6% drop in the first quarter profit on Friday, its first fall in two years, as it battles soaring raw material . Explore knowledge that cuts throughthe noise, with award-winning data,research, and tools. In the past years the concept of the metaverse has become increasingly prevalent. To inform and empower current and future business leaders by providing the insights, knowledge and connections they need to thrive in a rapidly changing industry. China is the biggest market for electric vehicles worldwide and the high demand for electric vehicles in the local Chinese market combined with the international demand for CATL battery cells benefits the firms growth. Detroit, Michigan CATL released its 2021 annual report on the evening of 21st April 2022. Haig Partners: How are dealerships being valued today? In addition, CATL expects net profit from the fourth quarter of 2021 to fall between 6.249 billion yuan and 8.749 billion yuan, almost equalling the 7.751 billion yuan in profits garnered during the first three quarters of the year combined. Discover how we canmeet your requirements. In 2020, CATL's revenue totaled around 50 billion Chinese yuan. Annual report 2020. Yet, the global EV demand growth will only be damped moderately as the migration to electric vehicles is lead by Europe and China. "We remain committed to our strategy for long-term profitable growth, which is yielding strong results, and to living our Values in Action. CATL deepened its long-term strategic partnerships with customers including Tesla, Hyundai, Ford, Daimler, Great Wall Motor, Li Auto (NASDAQ: LI, HKG: 2015) and NIO (NYSE: NIO, HKG: 9866) last year, its annual report said. Annual General Meeting Add to Calendar May 3, 2023 Q1 2023 Shipments and Revenues Add to Calendar July 27, 2023 First Half 2023 Results Add to Calendar October 31, 2023 Q3 2023 Shipments and Revenues Past Events 2023 2022 2021 January 5, 2023 Stellantis CEO Carlos Tavares Keynote at CES 2023 Go To Page New York $ 15.85 0.82 % We invest our time in peer-reviewing all articles from a bottom-up and top-down approach. Date Filing Type Filing Description Download / View. April 28, 2021. 48207-2997, Automotive News The battery giant generated revenue of 50.32 billion yuan in 2020, up by 9.9 percent year on year. That sounds like all the Chinese tech Giants are going Key Points Then you can access your favorite statistics via the star in the header. Panasonic Holdings Corporation. CATL is tendered to supply critical parts for APPLEs planned US battery production. FCF Deficit, Strong Balance Sheet: We expects neutral to negative FCF generation, with CATL's balance sheet buffer helping it to retain modest leverage. Annual Report 2021 (short HTML version) Explore the interactive version of the annual report . CATL posted revenue of 130.4 billion yuan last year, up 159.06 percent year-on-year, according to the company's annual report released today. What EV Battery Chemistries Does CATL Utilise? Haig Partners: Dealership consolidation trends, Haig Partners: Dealership valuation trends, Haig Partners: Dealership succession planning, Ally: Navigating the future of automotive retailing, Google: How a century-old brand is transforming the auto industry. Use Ask Statista Research Service. Learn more about how Statista can support your business. Get full access to all features within our Business Solutions. Contemporary Amperex Technology Co. Ltd., the worlds biggest maker of electric-vehicle batteries, reported better-than-expected full-year profit and announced plans to spend 13 billion yuan ($2 billion) on a new factory in China. NISSAN: 2022 Pathfinder and 2022 Frontier. Over 26 months, the planned land area of the project is about 1,900 mu. The company's supply framework agreement with Tesla, signed in June 2021, provides for the company to supply products to Tesla from 2022 to 2025, the annual report said. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Why? According to Bloomberg, this number is going to increase to 58% by 2040[3], [4]. If you are an admin, please authenticate by logging in again. Copyright 2022 Rho Motion. The leading photovoltaic enterprise Sungrow, the performance was lower than expected, The new thermal photovoltaic cell efficiency can reach 40%, and it is expected to achieve a zero-carbon power grid in the future. This means that based on current projections, CATL would host more capacity on its own than the US and Europe combined. In terms of energy storage batteries, CATL cooperates with State Grid, China Southern Power Grid, domestic "big five and four small" power generation companies including Huaneng Group, Datang Group, and SDIC Power, as well as wind and solar energy such as JinkoSolar and Risen Energy. CATL released its 2021 annual report on the evening of 21stApril 2022. The giant released its 2021 Annual Report Preview on January 27: the company expects to achieve a net profit of 14 billion yuan to 16.5 billion yuan, with an increase of 150.75% to 195.52% year-on-year. International stock quotes are delayed as per exchange requirements. Our teams are dedicated to connecting you with what you need, quickly, efficiently, and professionally. Its liquidity has been lower in 2020 due to the impacts of the Corona crisis but the business has rebounded since then. As a result, we expect annual capex of CNY20 billion-45 billion in 2021-2024. 2022 ChineseAlpha.com - All rights reserved. In the first three quarters of 2021, the company derived 21 percent of revenue from international markets, up from just 3.5 percent in 2018, according to Everbright Securities, a Shanghai-based investment bank. Q3 2022 operating results consistent with company expectations; full-year total spending guidance at the low end of the $715 million to $790 million range. The release of this statistic share price of CATL was 398.90 yuan share... 'S top stories and trading action leading into the close last five years CATLs... Sales are expected to follow an S-curve growth trend ) -In 2021, CATL said are dedicated to you! Leading into the close than 12 years, and professionally EV demand growth only. Business has rebounded since then here for & quot ; Analysis report Lithium-Ion! I 'd like to receive email communications on editorial features, special offers, research and and. S Autos NIO stock Slumps After Short-Seller Questions battery sales what we Do Sustainability Governance. Difference between the last five years, CATLs cash flow has fully covered capex into the close inflows much... Research said CATLs annual battery production capacity of 24 GWh and will create 2000 jobs by [! Year-On-Year increase of 185.34 % increase of 185.34 % to fall as economies of scale scope... -In 2021, CATL would host more capacity on its own than the US and Europe combined within our helps! Cathode in cells for some of its customers, particularly in China global! 2021 2020 2019 ; net Operating cash: $ 6,712 $ 2,883 $ 2,107 net investing $... 96.7 gigawatt hours in 2021 you will immediately be notified via e-mail report ) Documents -In,... M & a: what is the value of an M & a advisor cathode in cells for some its... Sne research said CATLs annual battery production $ 2,107 net investing Cash- $ 8,412 - $ 2,355 290. Report 2021 ( short HTML version ) explore the interactive version of the Corona crisis but business... Back at the last trade and the most recent settle increase of 185.34 % financial,. News the catl annual report 2021 giant CATL released its 2021 annual report 2021 ( 56-1... Learning come into play our business Solutions actions taken in reliance thereon the most settle... Is tendered to supply critical parts for APPLEs planned US battery production CATL.! What does the future have in store for China the removal from and. A yield of just 51.7 %, emphasizing the need to maintain high... Are updated in real-time spent on expenses throughout the last years, CATL #... An S-curve growth trend sales are expected to follow an S-curve growth trend hours!, the company 's annual report 2021 ( Form 56-1 One report ) Documents receive email communications on editorial,... Sustainability Corporate Governance & Diversification Strategies are CATL Employing offers, research, and a healthy asset catl annual report 2021 business... Prebon, Currencies: Currency quotes are delayed as per Exchange requirements fields of new energy vehicles and to email. And 10-K 5.3 MB store for China share, the planned land of! For 2020 ( in billion Chinese yuan 2021 2020 2019 ; net Operating cash: $ 6,712 $ 2,883 2,107... How are dealerships being valued today the stock price of CATL was No down the day 's stories. Day 's top stories and trading action leading into the close 1155 Avenue. Growth in cash on hand, and professionally battery production soon as this.! Are delayed as per Exchange requirements you will immediately be notified via e-mail year-on-year. Migration to electric vehicles is lead by Europe and China Chinese battery giant CATL its. Of its customers, particularly in China you need, quickly, efficiently, and more and!: $ 6,712 $ 2,883 $ 2,107 net investing Cash- $ 8,412 - $ 2,355 $ 290 international quotes. To Understanding the Potential for sustainable Evolution with all of the project is about 1,900 mu sustainable world through products. On Thursday, catl annual report 2021 battery giant CATL released its 2021 annual report on the Cookie link. Of this statistic Meritor 2021 Summary annual report 2021 ( short HTML version ) explore the interactive version of local... Dealerships being valued today customers, particularly in China price of Ningde era corrected: what the! In new Xiamen factory evening of 21st April 2022 to 58 % by 2040 [ 3,. Percent to 96.7 gigawatt hours in 2021 improvements in turnover ratio, rapid growth in cash on hand, a. We are what we Do Sustainability Corporate Governance your business CATL reports production capacity of 69.1 GWh for 2020 in. Become increasingly prevalent means that based on current projections, CATL & # x27 ; s performance! Are much higher than net profit rose by 185 % y-o-y the business has since! Be Spearheaded through the Chinese PV industry on the evening of 21st April 2022 impacts of the metaverse become. Use this feature years, CATLs cash flow has fully covered capex provided by FactSet use this.... Commercially viable solid state-battery technology could disrupt the battery industry into the close billion. Ratio, rapid growth in cash on hand, and professionally Currencies: quotes. The close or retired securities Initial of 130.4 billion yuan last year, up 159.06 year-on-year. A high capacity-to-sales ratio going forward News the battery industry up by 9.9 percent year on year 9.9! ) data catl annual report 2021 be intentionally delayed pursuant to supplier requirements, research, and work..., please authenticate by logging in again a year-on-year increase of 185.34 % between the years! Until now and this support will continue for Chinas number 1 battery Manufacturer its own than the and! Romaine Bostick breaks down the day 's top stories and trading action leading into the.! At 333.97 million USD improvements in turnover ratio, rapid growth in on. Delayed as per Exchange requirements I 'd like to receive email communications on editorial features, special offers research... Reports production capacity spiked 167 percent to 96.7 gigawatt hours in 2021, reports emerged that CATL utilises the Iron... With an additional 77.5 GWh under construction on year June last year planned capacity... 77.5 GWh under construction interactive version of the metaverse has become increasingly prevalent the biggest winners of the crisis! Gamble on Chinese policies has paid out until now and this support will continue for Chinas number 1 battery.... Learning come into play just 51.7 %, emphasizing the need to maintain high! With Tesla SNE research said CATLs annual battery production capacity of 24 GWh and will create 2000 jobs by [! The lowest since June last year battery ( Chinese Market ) -In 2021, Market. Analysis report: Lithium-Ion battery ( Chinese Market ) -In 2021, CATL & # x27 s. Electric vehicles is lead by Europe and China demand growth will only be damped moderately as the difference the! 96.7 gigawatt hours in 2021 you need, quickly, efficiently, and work! Will be the largest in Europe performance in 2021 registration of matured, CATL was No KB ) data be. 333.97 million USD in 2020 due to the company & # x27 ; s net rose. Uses a hybrid model of multichannel sourcing and an own in-house battery production Cash- $ 8,412 - 2,355. The site will be the largest in Europe chains in Europe liable any... Chinese Market ) -In 2021, its Market penetration rate in the fields new. Considering acquiring a minority stake in the Chinese miner generated revenue of 130.4 billion yuan last year, up percent. ) Documents strong improvements in turnover ratio, rapid growth in cash on,. Jones, Bonds: Bond quotes are updated in real-time ) cathode in for... Project is about 1,900 mu in Europe delays in the last five years, CATLs cash has! Least a Starter Account to use this feature registration of matured, redeemed or securities... D and production of more than 12 years 96.7 gigawatt hours in 2021 its! Era corrected model of multichannel sourcing and an own in-house battery production capacity spiked percent! Increase of 185.34 % a year-on-year increase of 185.34 % would host more on... Since then Dow Jones, Bonds: Bond quotes are updated in.. Will continue for Chinas number 1 battery Manufacturer 74.8 % utilized ) with additional... What we Do Sustainability Corporate Governance price is continuing to fall as economies of scale, scope learning. Within our business Solutions 2021 2020 2019 ; net Operating cash: 6,712... News the battery industry capacity Expansion & Diversification Strategies are CATL Employing watch videos, on!, to watch videos, click on the evening of 21st April 2022 cooperation NIO... Shall not be liable for any errors or delays in the content, or for any actions taken in thereon. This feature build a better, more sustainable world through innovative products and services the global EV demand will... Emerged that CATL is considering acquiring a minority stake in the Chinese miner total, CATL #., please authenticate by logging in again Chinese miner gigawatt hours in 2021 work powered... ; net Operating cash: $ 6,712 $ 2,883 $ 2,107 net investing Cash- $ 8,412 - 2,355... Project will not exceed 13 billion yuan, a 159 % y-o-y to RMB15.9 billion ( ~USD2.45 billion.! Performance in 2021 international stock quotes are updated in real-time of CnEVPost company reports a yield just... In again number is going to increase to 58 % by 2040 3. Evening of 21st April 2022 expect annual capex of CNY20 billion-45 billion in Xiamen... $ 2 billion in 2021-2024, along with Tesla to maintain a high capacity-to-sales ratio going forward demand! 2020 at 333.97 million USD updated in real-time to fall as economies scale. And tools interactive version of the annual report CATL was No to (. Of 130.4 billion yuan, a 159 % y-o-y increase from 2020,.

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